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US House Committee Advances Clarity for Payments Stablecoin Bill amid Concerns of Tech Giants’ Influences
The US House Financial Services Committee has taken a momentous stride towards establishing a federal regulatory framework for stablecoins. Despite concerns surrounding Elon Musk’s potential involvement in creating his own stablecoin, the proposed bill, known as the “Clarity for Payments Stablecoin” bill, has successfully advanced after a grueling 13-hour markup, marking the second major crypto…
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SEC Chairman Expresses Concerns Over Fraud and Manipulation in the Cryptocurrency Market
In a recent interview with Bloomberg, Securities and Exchange Commission (SEC) Chairman Gary Gensler shared his apprehension about the alleged prevalence of fraud and manipulation in the cryptocurrency market. These remarks come at a time when investing giants like BlackRock have filed spot Bitcoin (BTC) Exchange-Traded Funds (ETF) applications, primarily based on surveillance sharing agreements…
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Shiba Inu Holds Fort as a Prominent Token Choice among Ethereum Whales
By: Zeng Han-Jun, Head of Research Among the notable tokens held by the top 100 Ethereum whales, stablecoins often dominate the scene. However, Shiba Inu remains a formidable presence in these holdings. According to data from whale tracking website, WhaleStats, Shiba Inu currently holds the third-largest position among these whales. While stablecoins such as USDC…
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Are Bitcoin Cash Miner Withdrawals Indicating Bearish Trend?
By: Zeng Han-Jun, Head of Research Bitcoin Cash (BCH) experienced a surge in price last month, attracting renewed interest from investors. However, recent data suggests that the altcoin’s momentum may be waning. Notably, Bitcoin Cash miners have been rapidly withdrawing their funds, potentially signaling a decline in the coin’s value. During the height of the…
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Flashbots Raises $60 Million in Series B Funding, Reaching Unicorn Status
Ethereum-based software provider Flashbots has successfully secured $60 million during its series B funding round, positioning itself as a prominent player in the blockchain industry. As a result, Flashbots’ valuation has now surpassed $1 billion, reflecting the growing interest in the company’s innovative solutions. Flashbots’ series B funding round was spearheaded by Paradigm, a renowned…
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The Ripple Ruling and the Broader Implications on the Crypto Industry’s Secondary Market
In a recent court ruling on SEC v. Ripple, Brian Korn, a partner at the law firm Manatt, Phelps & Phillips LLP, has shed light on the potential far-reaching consequences for the broader crypto industry’s secondary market. The ruling, which carried intriguing implications, distinguishes between institutional and programmatic sales and raises essential questions about the…
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